Kotak Mahindra Life Insurance

Kotak Mahindra Life Insurance Company Limited (Kotak Life) is a 100% owned subsidiary of Kotak Mahindra Bank Limited (Kotak). Kotak Life provides world-class insurance products with high customer empathy. Its product suite leverages the combined prowess of protection and long-term savings.

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Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
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*Tax benefit is subject to changes in tax laws.

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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Kotak Life has covered over 27 million lives as of 30th June 2019.

Company Website

https://insurance.kotak.com/

Year of Establishment

2001

Head Quartered

Mumbai

Chairperson

Uday Kotak

Parent Organization

Kotak Mahindra Bank

Kotak Mahindra Group is a reputed banking and financial services organization in India. It offers an extensive range of financial products to meet both corporate and individual investment needs.

Kotak Mahindra Life Insurance Product Portfolio

Kotak offers a wide range of life insurance products. Following is the product portfolio of Kotak Life Insurance:

Protection Plan

These life insurance plans are pure risk cover plans, which provide high insurance coverage to the family of the insured at a nominal premium rate.

1. Kotak Term Plan

This is a pure risk cover plan, which provides insurance coverage to the family of the insured in case of any eventuality. Moreover, the Kotak term plan is a convertible plan which can be converted to a Kotak Mahindra Life insurance plan before the last 5 years of the policy. Let’s take a look at the features of the policy.

Features of Kotak Term insurance Plan

  • The plan offers a high level of protection at a nominal premium rate.
  • The plan offers flexible premium payment options to choose from.
  • It can be converted to a life insurance plan before the completion of the last 5 years policy.
  • The plan offers additional rider benefits to enhance the coverage of the policy.
  • Tax benefits can be gained U/S 80C and 10(10D) of the Income Tax Act.

Eligibility Criteria of Kotak Term insurance Plan

Criteria

Minimum

Maximum

Entry Age

18 years

65 years

Maturity Age

70 years

Policy Term

5 years

30 years

Sum Assured

Rs.3,00,000

Rs. 24,99,999

2. Kotak e-Term insurance Plan

Kotak e-Term plan is an online term insurance plan, which is specifically designed to provide financial security to the family of the insured against any emergency. The plan offers financial protection in form of the death benefit to the beneficiary of the policy in the event of the unfortunate demise of the insured person. The following are some of the features of the policy.

Features of Kotak e-Term insurance Plan

  • The plan offers a high level of insurance coverage at a nominal premium rate.
  • The policy offers multiple cover options to choose from.
  • The plan comes with 3 pay-out options.
  • The policyholder can increase or decrease the life cover based on various life stages.

Eligibility Criteria of Kotak Term Plan

Criteria

Minimum

Maximum

Entry Age

18 years

65 years

Maturity Age

23 years

75 years

Policy Term

5 years

40 years or 75 years-Age at entry

Sum Assured

Rs.25,00,000

No upper limit

Savings and Investment Plan

Kotak Mahindra life insurance offers an extensive range of investment and savings plans that helps the customer to accumulate wealth in the long-term and also provides an opportunity to create a financial cushion for the family. Here are the savings and investment plans offered by Kotak Life Insurance.

1. Kotak Invest Maxima

This is an investment-oriented unit-linked life insurance policy that offers the combined benefit of insurance and investment returns. The plan comes with a lock-in period of 5 years and offers 5 different fund options to choose from. Along with the benefit of investment return and wealth creation in the long-term, the plan also provides financial security to the insured’s family in case of any eventuality. let’s take a look at some of the features of the policy.

Features of Kotak Invest Maxima

  • The plan offers 5 different fund options to choose from.
  • The policyholder can switch between funds as per their requirements.
  • A zero premium allocation charge applies to the policy.
  • The plan offers rewards for staying invested for a longer tenure.
  • The policyholder can choose the policy tenure and premium paying tenure as per their suitability and requirement.

Eligibility Criteria of Kotak Invest Maxima Plan

Let’s take a look at the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

0 years

65 years

Maturity Age

10 years

75 years

Policy Term

10 years, 15 years, 20 years, 25 years, and 30 years

Premium Paying Term

Regular pay, Limited Pay

2.Kotak Single Invest Plus

This is a single premium payment unit-linked insurance plan wherein the policyholder needs to pay the premium as a lump-sum and can reap the benefits through the tenure of the policy. the plan comes with a joint-life protection cover and offers different fund options to choose from. Here are the features of the policy.

Features of Kotak Single Invest Plan

  • The plan offers the convenience of the one-time payment i.e. single premium payment.
  • The plan offers the option of a joint life cover.
  • The plan offers the advantage of loyalty addition.
  • The plan offers 5 different fund options to invest in.
  • Tax benefits can be availed U/S 80C and 10(10D) of the Income Tax Act.

Eligibility Criteria of Kotak Single Invest Plan

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

Primary Life- 18 years

Secondary Life- 3 years 

55, 52 years

55, 52 years

Maturity Age

Primary Life- 28 years

Secondary Life- 18 years

65, 67 years

65, 67 years

Policy Term

10 years and 15 years

Premium Paying Term

Single Pay

3.Kotak Platinum Plan

This is a unit-linked insurance plan that comes with three investment strategies and offers flexibility to the insurance holder. The policy offers an extensive option to diversify the wealth so that the policyholder does not have to look for any other investment options. The following are some of the features of the policy.

Features of Kotak Platinum Plan

  • The plan includes minimum charges in exchange for the maximum returns.
  • The plan comes with three different investment strategies with an objective to create maximum profit to the policyholder.
  • At the end of the 10th policy year and 5th policy year, survival units equal to 2% of the average fund value is offered to the insured person.
  • The plan offers a flexible premium payment period to the policyholder.

Eligibility Criteria of Kotak Platinum Plan

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

0 years 

65 years

Maturity Age

18 years

75 years

Policy Term

10 years

30 years

Premium Paying Term

Regular Pay, limited pay

4.Kotak Ace Investment

This is a unit-linked insurance plan, which is specifically designed to provide insurance coverage to the family of the insured along with the benefit of investment return. The plan offers the option to choose from different fund options to invest in so that you can accumulate wealth in the long term along with the benefit of insurance coverage. The following are some of the salient features of the policy

Features of Kotak Ace Investment

  • The plan includes minimum charges in exchange for the maximum returns.
  • The plan comes with three different investment strategies with an objective to create maximum profit to the policyholder.
  • The plan offers a flexible premium payment period to the policyholder.
  • The plan offers the option to add more to the savings through the top-ups.
  • Tax benefits can be availed U/S 80C and 10(10D) of the IT Act.

Eligibility Criteria of Kotak Ace Investment

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

0 years 

65 years

Maturity Age

18 years

75 years

Policy Term

10, 15, 20, 25 and 30 years

Premium Paying Term

Regular Pay, limited pay

5. Kotak Premier Endowment Plan

This is a savings cum insurance plan, which offers guaranteed addition in the first 5 policy years. The plan helps the insured to create a financial cushion for the future and also provide insurance coverage to the family against any type of eventuality. The following are the features of the policy.

Features of Kotak Premier Endowment Plan

  • The plan offers a guaranteed addition at 5% p.a. in the initial 5 years of the policy.
  • Bonuses start accruing from the 6th policy years onwards.
  • The plan offers the option to choose from different premium payment tenure.
  • Add-on coverage is offered through optional rider benefits.

Eligibility Criteria of Kotak Premier Endowment Plan 

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

18years 

60 years

Maturity Age

70 years

Policy Term

10, 15, 20, and 30 years

Premium Paying Term

Regular Pay, limited pay

6. Kotak Premier Moneyback Plan

This is a limited pay moneyback policy that provides a lump-sum payout to the insured at regular intervals so that he/she can meet the short-term financial requirements let’s take a look at the features of the policy.

Features of Kotak Premier Moneyback Plan

  • The plan offers regular payout at specific intervals through the tenure of the policy.
  • Along with the final payout at the end of the policy tenure, a lump-sum maturity benefit is payable to the insured depending on the chosen policy tenure.
  • Enhanced death coverage with the additional payout on accidental death.
  • Bonuses are declared after the completion of the 1st policy year.

Eligibility Criteria of Kotak Moneyback Plan

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

2 years 

57,55,51 (years)

Maturity Age

75 years

Policy Term

16, 20, and 24 years

Premium Paying Term

limited pay

7. Kotak Premier Income Plan

This is a savings cum protection plan that offers a guaranteed annual income immediately after the premium payment tenure to provide additional annual income. The plan offers accrued bonuses in lump-sum at the end of the policy tenure. The following are the key features of the policy.

Features of Kotak Premier Income Plan

  • The plan offers guaranteed annual/monthly income.
  • The plan offers enhanced sum assured rates for female lives and higher premiums.
  • The policyholder can enjoy upside potential through bonuses accruing throughout the tenure of the policy.
  • The plan offers add-on rider benefits to enhance the coverage of the policy.

Eligibility Criteria of Kotak Premier Income Plan

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

3 years 

50, 55 (years)

Maturity Age

18 years

78 years

Policy Term

15, 19, and 23 years

Premium Paying Term

limited pay

8. Kotak Premier Life Plan

This is a non-linked participating whole life plan, which provides coverage for the whole life of the insured i.e up to 100 years. Moreover, under this plan, the insured can choose to receive the bonus payouts even after the expiry of the premium payment tenure of the policy. let’s take a look at the features of the policy.

Features of Kotak Premier Life Plan

  • The plan offers coverage up to the age of 100 years.
  • A simple reversionary bonus is declared from the 1st policy year till the end of the premium paying tenure of the policy.
  • The plan offers a premium rebate for a higher sum assured on maturity and female lives.
  • The plan offers the benefit of a bonus payout

Eligibility Criteria of Kotak Premier Life Plan

The following are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

3 years 

55, 53, 50, 45 (years)

Maturity Age

99 years

Policy Term

99 years minus age at entry of the policy

Premium Paying Term

8,12,15 and 20 years

9. Kotak Sampoorn Bima Micro-Insurance Plan

This is a non-participating, non-linked endowment plan that offers the combined benefit of savings and protection. The plan helps to create a financial cushion in the long-term and also provides life coverage to the family of the insured against any type of eventuality. Here are the features of the policy.

Features of Kotak Sampoorn Bima Micro- Insurance Plan

  • This is a single premium payment policy.
  • The plan offers a guaranteed payout on the maturity of the policy and in case of the unfortunate demise of the insured person.
  • No medical test is required while purchasing the policy.

Eligibility Criteria of Kotak Sampoorn Bima Micro-Insurance Plan 

The following are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

18 years 

55 years

Maturity Age

60 years

Policy Term

5 years

Premium Paying Term

Single

10. Kotak Single Invest Advantage

This is a single premium payment unit-linked insurance plan, which offers the dual benefit of investment and insurance to the policyholder. Under this plan, the policyholder can gain the advantage of wealth creation with the long-term investment returns along with the benefit of insurance coverage to the family of the insured. The following are the features of the policy.

Features of Kotak Single Invest Advantage

  • This is a single premium payment policy.
  • The plan offers the advantage to boost savings with loyalty additions
  • The plan offers 3 different coverage options to choose from.

Eligibility Criteria of Kotak Single Invest Advantage  

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

10 years PT- 8 years

15 years PT- 3 years 

45 years

43 years

Maturity Age

10 years PT- 18 years

15 years PT- 18 years 

55 years

58 years

Policy Term

10 years and 15 years

Premium Paying Term

single pay

11. Kotak POS Bachat Bima Plan

This is a savings cum protection oriented plan offered by Kotak Mahindra life insurance. The plan provides guaranteed benefits and also secures the financial future of the family in case of any eventuality. Kotak Life Insurance POS Bachat Bima Plan provides different life cover options to choose from. Let’s take a look at the features of the policy.

Features of Kotak POS Bachat Bima Plan

  • The policyholder can choose from two different coverage options i.e. Life and life Plus.
  • The plan provides a double protection cover on accidental death with life plus option.
  • Guaranteed yearly addition accruing throughout the policy tenure.
  • The plan offers guaranteed loyalty addition payable on maturity.

Eligibility Criteria of Kotak POS Bachat Bima Plan 

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

12 years 

45 years

Maturity Age

28 years

65 years

Policy Term

16 years/20 years

Premium Paying Term

limited pay

12. Kotak Assured Income Accelerator Plan

This is a non-participating guaranteed income endowment plan. This plan offered by Kotak life insurance ensures that you have a regular flow of income along with the benefit of savings in the long-term. Let’s take a look at the features of the policy.

Features of Kotak Assured Income Accelerator Plan

  • The plan offers guaranteed income to the policyholder every year during the policy payout period.
  • The guaranteed income increases from 5%-7% yearly through income booster.
  • For a higher yearly premium rate, the policyholder receives a higher guaranteed income.
  • The plan offers a death benefit to the beneficiary of the policy in case of the unfortunate demise of the insured person along with the benefit of guaranteed income.
  • Maturity benefit is also offered by the policy along with the last payout.

Eligibility Criteria of Kotak Assured Income Accelerator Plan   

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

0 years 

60, 55 (years)

Maturity Age

18 years

85 years

Policy Term

15 years, 20 years, and 30 years

Premium Paying Term

limited pay


13. Kotak Assured Savings Plan


This plan offered by Kotak Mahindra life insurance is a savings cum protection plan, which provides an opportunity to the policyholder to create wealth in the long-term by savings and also provides insurance coverage for their family against any type of eventualities.  The following are the features of the policy.

Features of Kotak Assured Savings Plan

  • The plan offers a guaranteed maturity benefit at the end of the policy tenure in case the insured survives the entire tenure of the policy.
  • The policyholder can choose the option of increasing life cover.
  • Increasing guaranteed yearly additions and guaranteed loyalty addition is offered by the insurer for the longer premium payment tenure.
  • The plan offers different rider options to choose from to enhance the coverage of the policy.

Eligibility Criteria of Kotak Assured Savings Plan  

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

3 years 

60 years

Maturity Age

18 years

75 years

Policy Term

10, 12, 14,15, 18 years & 20 (years)

Premium Paying Term

limited pay

14. Kotak Classic Endowment Plan

This plan offers by Kotak Mahindra life insurance is a savings cum protection plan, which provides an opportunity to the policyholder to create wealth in the long-term by savings and also provides insurance coverage for their family against any type of eventualities.  The following are the features of the policy.

Features of Kotak Classic Endowment Plan

  • The plan provides long-term financial protection to the family of the insured along with the benefit of participating in the endowment plan.
  • Bonuses can be availed from the 1st policy year.
  • The plan offers the convenience to pay the premium as per the affordability of the insured.
  • The policyholder can choose from an extensive range of policy term options as per their suitability.
  • The plan offers a discount for a higher sum assured amount on maturity.
  • The plan offers rider options to enhance the coverage of the policy.

Eligibility Criteria of Kotak Classic Endowment Plan

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

0 years 

70,60 58 (years)

Maturity Age

18 years

70, 75, 73 (years)

Policy Term

15years-30 years

Premium Paying Term

limited pay, regular pay

15. Kotak Smart Life Plan

This is a participating, non-linked life insurance plan offered by Kotak life insurance. This is an endowment policy, which helps the policyholder to fulfill their financial objectives of life and also take care of the family even in your absence. The following are the features of the policy.

Features of Kotak Smart Life Plan

  • Offers insurance coverage up to the age of 75 years.
  • The plan provides the convenience to choose the bonus option.
  • The policyholder can avail of the bonus from the end of the 1st policy year onwards.
  • Additional protection is offered by the policy through rider benefits.

Eligibility Criteria of Kotak Smart Life Plan

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

3 years 

50,55,54 (years)

Maturity Age

75 years

Policy Term

75 years minus the age at entry

Premium Paying Term

6. 8, 10, 12, and 15 years

16. Kotak Guaranteed Savings Plan

This plan offered by Kotak Mahindra life insurance is a savings cum protection plan, which provides an opportunity to the policyholder to create wealth in the long-term by savings and also provides insurance coverage for their family against any type of eventualities.  The following are the features of the policy.

Features of Kotak Guaranteed Savings Plan

  • The plan offers the option of limited premium payment.
  • Guaranteed yearly addition accruing throughout the policy tenure.
  • Guaranteed loyalty addition is offered at the end of the policy tenure.
  • Enhanced coverage is offered through the optional riders.

Eligibility Criteria of Kotak Smart Life Plan

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

3 years 

60 years

Maturity Age

18 years

75 years

Policy Term

14, 15, 16, and 20 years

Premium Paying Term

7 years, 8 years, and 10 years

Retirement Plans

Kotak Life Insurance Retirement Plan is specifically designed to secure the financial future of the individual after retirement. The retirement plans offered by Kotak Mahindra Life Insurance helps to accumulate funds in the long-term so that one can enjoy the golden days of retirement and can have a regular flow of income after retirement.  The retirement plans offered by Kotak Mahindra Life Insurance are:

Kotak Lifetime Income Plan

This is a non-participating, non-linked immediate annuity plan, which provides a guaranteed income to the policyholder in form of an annuity right after the payment of premium as lump-sum. The plan provides an assured income continuously throughout the life of the insured and in the absence of the insured throughout the lifetime of the spouse. The following are the features of the policy.

Features of Kotak Lifetime Income Plan

  • Ensured financial independence post-retirement.
  • Offers an extensive range of income options to choose from.
  • The policyholder can choose to receive an annuity on a monthly, quarterly, half-yearly, and yearly basis.

Eligibility Criteria of Kotak Lifetime Income Plan

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

45,55 years 

99 years

Minimum Annuity

Monthly- Rs.1,000

Quarterly-Rs.3,000

Half-Yearly- Rs.6,000

Yearly- Rs.12,000

Annuity Modes

Yearly, half-yearly, quarterly, monthly

Kotak Premier Pension Plan

This is a traditional participating pension plan that helps the insured to accumulate a retirement fund for the future so that they can live a hassle-free and stress-free retirement life. The plan provides guaranteed benefits on death and vesting. The following are the features of the policy.

Features of Kotak Premier Pension Plan

  • A guaranteed addition as % of basic sum assured is added at the end of the financial year in the first 5 policy years.
  • The guaranteed additional benefit is payable n vesting or death of the insured, whichever is earlier.
  • From the 6th policy, year bonuses accrue.
  • The plan offers assured benefits to the insured.
  • Add-on coverage is offered under the policy through an optional rider.

Eligibility Criteria of Kotak Premier Pension Plan

These are the eligibility criteria of the policy.

Criteria

Minimum

Maximum

Entry Age

30years 

55,60 (years)

Vesting Age

45years

70 years

Policy Term

Regular Pay- 10years-30 years

Limited Pay- 15, 17  (years)-30 years

Single Pay- 10 years-15 years

Premium Paying Term

Regular pay, limited pay & single pay

How to File a Claim for Kotak Life Insurance Policies?

The process to file a claim for Kotak life insurance policies is very simple and hassle-free. The individual can opt for either an online process or offline process to file the claim for Kotak life insurance policies. Let’s take a look at the online and offline process of claim settlement for Kotak life insurance policies.

Online Filing

  • The claimant will need to visit the official website of Kotak Mahindra Life Insurance.
  • He/she will have to fill an online form named ‘Book a New Claim’.
  • The claimant will need to fill in the basic details and click on the generate OTP option.
  • After the completion of this process, the beneficiary/nominee of the policy will need to submit the required documents to the company.
  • Once the insurance company verifies the claim filed by the claimant, they will settle it within 7-15 days (if approved)

Offline Filing

  • To file the claim, the nominee/beneficiary of the policy will need to visit the nearest branch office of Kotak Mahindra's life insurance and submit the important documents along with the thoroughly filled claim form.
  • Once the claim form is submitted properly along with the required documents the insurance company will verify it and the proceeds will be payable to the claimant within 7-15 days.

Kotak Life Insurance Distribution Network

The distribution network of Kotak Mahindra Life Insurance Company includes retail distribution through the branch offices, insurance agencies, individual agent networks, and insurance brokers for claim settlements. It has offices across over 400 cities and towns in India. Kotak Life products are also available online through their website and insurance aggregators.

Kotak Life Insurance - FAQs

  • How to pay a premium? What are the modes of payment available?

    Kotak Mahindra Old Mutual Life insurance company Ltd. offers 12 modes of premium payment namely:
    • / cheque payment at the branch
    • Online Payment
    • Payment at the Kotak bank ATM drop boxes
    • NEFT
    • ECS
    • Standing Instructions
    • Direct Debit
    • IMPS
    • Payment thorough bill desk
    • Electronic bill payment
    • Postal money order
    • Bank guarantee

      For the online payment mode, the policyholder can pay via;
    • Credit Card,
    • Debit Card
    • Net banking
  • How can I check policy status?

    If you are a registered user, simply log into the e-Portal with your policy details to check the policy status.
  • What is the policy renewal process?

    If you are a registered user, you can pay online in 3 easy step

    Step 1: Logging into the e-Portal with your policy details to check the policy status.

    Step 2: Select the policy and payment option- Net Banking. Debit/Credit Card

    Step 3: Pay via the secured gateway and print/save the recipt of payment.

    In the offline mode, you deposit /cheque at the nearest branch.

  • What is the company’s process to settle claim?

    The nominee needs to intimate the company on the toll free number 1800-209-8800 or can visit the branch personally with the policy document and accidental/death certificate. The nominee must fill a claim intimation form and then the company will provide a reference number to him. Usually within 30 days the accidental/death claim without investigation cases is cleared.
  • What is the policy cancellation process?

    Submit your policy documents along with duly filled surrender form at the service desk in any of the branches. Upon successful proccedings, the refund will be credited directly into your bank account and the policy stands cancelled. The comoany claims to setlle it within 7 working days.
  • What are the benefits offered under Kotak Life Guardian Benefit Rider?

    In case of demise of the insured during the rider benefit tenure and the beneficiary proving the  same to the satisfaction of the company, the future premiums of the policy in respect of all other benefits in force should be paid by the insurance company subject to following conditions:
    • The policy is in force on the date of death of the insured.
    • The correct age of the insured is declared in the proposal form.
    • The beneficiary of the policy has submitted all the required documents along with the proof of death of the insured to the insurer.
  • Is there premium flexibility under the Kotak Term Plan Benefit Rider?

    Yes, Kotak Term benefit rider offers the flexibility to pay the premium in single pay, limited pay, or regular pay. 
  • In Kotak Platinum policy, can I partially withdraw my funds in the second year?

    No, partial withdrawal is applicable in Kotak Platinum plan after the completion of 5 policy years.
  • What are the different Insurance Riders provided by Kotak Mahindra Life Insurance?

    Ans-  Different rider benefits offered by Kotak Mahindra Life Insurance are:
    • Kotak Accidental Death Benefit Rider
    • Kotak Term Benefit Rider
    • Individual Riders
    • Kotak Permanent Disability Benefit Rider
    • Kotak Permanent Disability Benefit Rider (Linked)
    • Kotak Accidental Death Benefit Rider (Linked)
    • Kotak Critical Illness Plus Benefit Rider
  • Are there any exclusion under the 'Accidental Death Benefit' provision in the Kotak POS BachatBima Plan?

    Ans-  Accidental death benefit  shall not be paid to the nominee in case the life insured dies directly or indirectly as a result of any of the following:
    • Suicide or intentionally self-inflicted injury, while sane or insane.
    • Life insured being under the influence of alcohol, drugs, psychotropic substance or narcoticsunless taken under the lawful directions and prescription of a Doctor
    • Life Insured committing a criminal offense, an assault, illegal activity or any breach of law with criminal intent
    • Engaging in hazardous activities, sport/hobbies.
  • Can I avail loan under my Kotak Mahindra Life  Assured Income Accelerator plan?

    Ans-  Yes, policy loan can be availed under this plan up to 80% of the surrender value subject to a minimum loan amount of Rs.10,000.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 123 Reviews)
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Kotak Mahindra Life Insurance Reviews & Ratings

4.2 / 5 (Based on 152 Reviews)
(Showing Newest 25 reviews)
Jyoti
Mahabubnagar, May 06, 2021
Took early
I took the kotak life insurance plan at an age of 25 because the early I buy I would get benefits. My premium rate is also less as compared to others. Thanks.
Dinesh
Neori, May 05, 2021
Choose best
I choose the one of the best life insurance plan from the website of policybazaar and known as Kotak life insurance policy. That plan has done wonders for me and has been a financial support throughout.
Arpita
Muthur, May 04, 2021
Protective layer
My kotak life insurance plan has been a protective layer to me and my family. In terms of financial coverage as well as providing any help. I am thankful to team to suggest me such a good plan.
Mukesh
Sukruli, May 03, 2021
Flexible premium payment
It is flexible to pay the premium amount on timely basis. I pay the premium amount on annual time. The customer care team are responsive in nature and has helped me a lot in doing so.
Azhar
Bharuch, April 28, 2021
Tax benefits
It is an important thing to get the kotak life insurance policy from the policybazaar. I got the tax benefits under Section 80C of Income Tax Act and it is good source of getting the tax rebate on timely basis. Great work team.
Amit
Ukai, April 26, 2021
Additional riders
I have been offered a additional rider at very minimal price. That rider is useful in case if something happens to me. I took the life insurance plan of kotak life from Policybazaar.
Dinkar
Mandhana, April 23, 2021
Nominal premiums
The premium rates of my Kotak life insurance plan is superb and under my budget. I got this plan in the year 2017 and since then it is running well. I have got a good support from both the companies.
Abhay
Mansa, April 22, 2021
A good services
If I will be talking about kotak life insurance then it is one of the best company I came through. I bought the life insurance plan from the policybazaar site and has been happy since after. Such good company.
Aasha
Sindgi, April 16, 2021
Great insurer
The Kotak life insurance company is much better and I got y life insurance policy from them. I like the plans and it has been suitable to me and my family.
Rudra
Raghunathpur, April 15, 2021
Customer support
The customer support of kotak and policybazaar is good. I was facing some issue related to my kotak life insurance hard copy and it was resolved in few minutes. I did a lot of research when I bought the kotak life insurance policy. Great work team.
Gireesh
Mainpuri, April 14, 2021
Save and secure: I have saved a lot of money when I bought the kotak life insurance policy. I got a discount when I bought the plan from the policybazaar and have got the sense of safety and security.
Vipul
Nagina, April 13, 2021
Different policies: I have found different policies into the website of the policybazaar and found the kotak life insurance policy. It is easy to get it online and the team is much co-operative. Thanks.
Rekha
Adkur, April 12, 2021
Happy customers
I am one of the happiest customer of policybazaar. I got my kotak life insurance policy and have been a customer of them from last 4 years. It has been a great journey. Great work.
Nimesh
G.k. Bhatar, April 09, 2021
Tax benefits
It is good to see that you can have a tax benefits when you buy a life insurance plan from policybazaar. I got a tax rebate under Section 80C and 10(10D) of Income tax act. Kudos team.
Gudvella, April 08, 2021
High level protection
It is easy to go for a life insurance policy and got it done from policybazaar. I bought the aegon life insurance plan from the policybazaar site and it is easy to do. The risk factor has been decreased as the life insurance plan is working as a back-bone for me. Great work team.
Mahi
Seorahi, April 07, 2021
Less down risk
My life insurance plan which I have bought from the policybazaar has less down the risk. I am happy that I am secured and safe with this plan. I got the plan in low premium rates. Thank you policybazaar.
Ravi
Musiri, April 06, 2021
Buy online
Nowadays, it has become easy for everyone to buy a life insurance plan online. I bought the plan online and it has been an easy task for me. I got various choices into the policybazaar site and went over for kotak life insurance.
Akhil
Banarpal, April 05, 2021
Low premiums
I bought the kotak life insurance plan from the policybazaar site and the premium rate of the plan is pretty much low as compared to other companies plans. I bought the plan from the policybazaar site and it is easy. Thanks team.
Anand
Anekal, April 01, 2021
Calculate premium: It is easy to calculate for the premium amount when you are planning to buy a life insurance plan and I did it when I bought the kotak life insurance plan.
Daksha
Lakhimpur, March 31, 2021
Loaded with benefits
The child insurance plan which I have bought last year for my son has been loaded with so many benefits. I wanted to secure my child’s future and want to provide with best higher education and that’s the only way to do so. Thanks kotak and policybazaar.
Neerav
Madhugiri, March 31, 2021
Long duration
I feel that life insurance plan is really important and by buying this plan I did a good thing ever. I bought the kotak life insurance plan from policybazaar for achieving the long term goals. Kudos team.
Raman
K.b.p. Pupri, March 30, 2021
Purchase online
It is easy to buy a child insurance plan online. A kotak child insurance plan is a must buy and I am happy that my child will won’t face any trouble in his future. All thanks to policybazaar.
Anand
Anand, March 30, 2021
Discounts
While buying a life insurance policy from policybazaar you can get a good discounts offers too. I have bought the kotak life insurance plan and has been a great thing for me. Thanks team.
Ankit
Auraiya, March 26, 2021
Premium price
The premium price of my life insurance plan which I bought of kotak life is superb and under my budget. I found the premium price quite low and under my budget.
Veer
Pulwama, March 25, 2021
Risk coverage plan
A life insurance plan helps you in covering your risk which can happen at any time. I bought the kotak life insurance policy from policybazaar. It has deceased the risk and definitely will help my family to survive after me. Thanks team.
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